Personal income and spending in the U.S. both increased in line with economist estimates in the month of June, according to a report released by the Commerce Department on Friday.
After reporting a sharp jump in U.S. employment in the previous month, the Labor Department released a report on Friday showing that employment rose by less than expected in the month of July. The report said non-farm payroll employment increased by 209,000 jobs in July.
British manufacturing sector logged its weakest growth in a year in July as growth in output and new orders eased from June, the results of a survey by Markit Economics and the Chartered Institute of Purchasing and Supply showed Friday. The Makit/CIPS manufacturing Purchasing Managers' Index fell to 55.4 in July from a revised 57.2 in June.
The Swiss franc advanced against the other major currencies on Friday's European session, as European stocks slipped on caution ahead of U.S. jobs data for July, due today.
Economists expect an addition of 230,000 jobs in July, after an increase of 288,000 jobs last month. Unemployment rate is seen...
India's manufacturing activity improved for the ninth straight month to a 17-month peak in July as companies scaled up production, survey data compiled by Markit Economics showed Friday. The HSBC manufacturing Purchasing Managers' Index rose to a 17-month high of 53 in July from 51.5 in June. A score above 50 indicates expansion in the sector.
The manufacturing sector in China expanded at an accelerated pace in July, the latest PMI from HSBC and Markit Economics revealed on Friday - coming in with an 18-month high score of 51.7.
That's actually lower than last week's flash estimate score of 52.0, which is what analysts were expecting today....
Final demand producer prices climbed 2.3 percent on year in the second quarter of 2014, the Australian Bureau of Statistics said on Friday - slowing from the 2.5 percent increase in the previous three months.
On a quarterly sequential basis, final demand producer prices dipped 0.1 percent after climbing...
The manufacturing sector in South Korea continued to contract in July, albeit at a slower pace, the latest survey from Markit Economics revealed on Friday with a PMI score of 49.3.
That's up from 48.4 in June, although it remains below the boom-or-bust score of 50 that separates expansion from contraction....
The dollar leveled off from recent gains against European rivals on Thursday, as traders continued to weigh yesterday's remarks from the Federal Reserve.
The Fed maintained its current monetary policy and offered a mixed assessment of the labor market despite a significant drop in the U.S. unemployment...
Chicago-area business activity unexpectedly grew at a substantially slower rate in the month of July, according to a report released by MNI Indicators on Thursday, with the business barometer falling to its lowest level in a year.
First-time claims for U.S. unemployment benefits rebounded in the week ended July 26th, according to a report released by the Labor Department on Thursday, with initial jobless claims bouncing off the fourteen-year low seen in the previous week.
Eurozone inflation slowed to the lowest level in four-and-a-half years in July, even after the European Central Bank cut the interest rates to historic lows, necessitating more action to elude the risk of deflation. The unemployment rate in the 18-nation bloc declined unexpectedly in June to the lowest since September 2012 from a record high seen at the end of last year.
The Philippine central bank on Thursday lifted its key interest rates for the first time in more than three years, citing elevated inflation expectations.The Bangko Sentral ng Pilipinas raised its overnight borrowing rate by 25 basis points to 3.75 percent from 3.50 percent and the overnight lending rate to 5.75 percent from 5.50 percent.
The International Monetary Fund said China should target 6.5-7 percent growth for 2015, lower than the 7.5 percent goal for this year, and deploy stimulus only if growth were to slow significantly below the target. While most of its directors estimate 6.5-7 percent growth, a few others assessed a lower target as more appropriate, the IMF said in a report published late Wednesday.
The dollar surged to its highest in six months versus major rivals on Wednesday, as a blockbuster U.S. GDP reading furthered expectations the Federal Reserve will raise rates sooner than expected.
The Fed maintained its monetary policy today and offered few clues that it intends to hike rates anytime...